Highlights of Operating Performance for FY2017 (fiscal year ended Mar. 31, 2018)
- Both ordinary revenues and ordinary profit increased year on year. Sony Assurance reached record high in ordinary revenues, ordinary profit and net income.
- Ordinary revenues expanded year on year, owing to an increase in net premiums written for mainstay automobile insurance.
- Ordinary profit increased year on year, due to a decline in the loss ratio, driven by a lower car accident ratio.
- Net income increased year on year, owing to the increase in ordinary profit.
|For the years ended March 31|
|Net premiums written (Billions of yen)||88.6||91.7||95.5||100.2||108.2|
|Underwriting profit (Billions of yen)||1.8||3.0||3.4||3.0||4.8|
(Net loss ratio + Net expense ratio)(%)
|As of March 31|
|Number of policies in force (10,000 policies)||161||170||179||189||207|
* Figures less than the indicated unit have been truncated while ratios have been rounded.
** Net loss ratio = (Net losses paid + Loss adjustment expenses) / Net premium written
Net expense ratio = Expenses related to underwriting / Net premium written
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